By Toni Weeks
San Luis Obispo, Calif., March 25 – UBS AG, London Branch priced $1.49 million of 6.1% airbag autocallable yield optimization notes due March 24, 2016 linked to the common stock of Akamai Technologies, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be payable monthly.
The notes will be called automatically at par if Akamai Technologies shares close at or above the initial share price on any quarterly observation date.
The payout at maturity will be par unless the final share price is less than the conversion price, in which case the payout will be a number of Akamai Technologies shares equal to $1,000 divided by the conversion price. The conversion price will be 88% of the initial share price.
UBS Financial Services Inc. and UBS Investment Bank are the agents.
| Issuer: | UBS AG, London Branch
|
| Issue: | Airbag autocallable yield optimization notes
|
| Underlying stock: | Akamai Technologies, Inc. (Symbol: AKAM)
|
| Amount: | $1,493,000
|
| Maturity: | March 24, 2016
|
| Coupon: | 6.1%, payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par unless the final share price is less than conversion price, in which case 15.5933 Akamai Technologies shares per $1,000 principal amount
|
| Call: | Automatically at par if Akamai Technologies shares close at or above initial share price on any quarterly observation date
|
| Initial share price: | $72.87
|
| Conversion price: | $64.13, 88% of initial price
|
| Pricing date: | March 20
|
| Settlement date: | March 25
|
| Agents: | UBS Financial Services Inc. and UBS Investment Bank
|
| Fees: | 1.5%
|
| Cusip: | 90274P609
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
